1. Significant Accounting Policies:

A. Basis of Accounting and Preparation of Financial
Statements:

The Standalone Financial Statements of the Company are
prepared in accordance with the Generally Accepted Accounting
Principles in India (Indian GAAP) to comply with the accounting
standards as prescribed under Section 133 of the Companies
Act, 2013 ('Act') read with Rule 7 of the Companies (Accounts)
Rules, 2014, the provisions of the Companies Act, 2013 (to the
extent notified). The standalone financial statements are
prepared on accrual basis under the historical cost convention.

All assets and liabilites have been classified as current and
non-current as per the Companies normal operating cycle and
other criteria set out in the Schedule III to the Companies Act
2013. The Company has ascertained its operating cycle as 12
months for the purpose of classification of assets and liabilities
into current and non current.

B. Revenue Recognition:

Revenue is recognised to the extent that it is probable that the
economic benefit will flow to the Company and the revenue can
be reliably measured.

Revenue from the total fees received is recognized over the
period of service provided.

Revenue from contractual arrangement is recognized basis the
achievement of milestones mentioned in the agreement.

C. Other Income:

Interest income is accounted on accrual basis. Dividend income
is accounted for when the right to receive it is established.

D. Use of Estimates:

The preparation of financial statement in conformity with the
Indian GAAP requires the management to make estimates and
assumptions that affect the reported amounts of the assets and
liabilities and disclosure of contingent liabilities as at the date of
financial statement and the result of operations during the
reporting period. Although these estimates are made on
reasonable and prudent basis based upon management's best
knowledge of current events and actions, actual results could
differ from these estimates.

E. Property, Plant & Equipment (PPE):

Property, plant and equipment are stated at acquisition or
construction cost less accumulated depreciation and
impairment loss, if any. Cost comprises the purchase price and
any attributable cost of bringing the asset to its working
condition for its intended use, including relevant borrowing
costs and any expected costs of decommissioning.

The cost of an item of PPE is recognized as an asset if, and only
if, it is probable that economic benefits associated with the item
will flow to the Company in future periods and the cost of the
item can be measured reliably. Expenditure incurred after the
PPE have been put into operations, such as repairs and
maintenance expenses are charged to the Profit and Loss
Statement during the period in which they are incurred.

If significant parts of an item of PPE have different useful lives,
then they are accounted for as separate items (major
components) of PPE.

An item of PPE is derecognized upon disposal or when no future
economic benefits are expected to arise from the continued use
of the assets. Any gain or loss arising on the disposal or
retirement of an item of PPE is determined as the difference
between the sales proceeds and the carrying amount of the
asset and is recognized in the Profit and Loss Statement.

All cost, including pre-operative overheads till the branch
opening date attributable to fixed assets and relevant branch are
capitalized. The Company follows a consistent process of
capitalizing all the fixed assets of particular branch till the
opening date.

F. Depreciation and Amortization:

Depreciation is provided based on useful life of the assets as
prescribed in Schedule II to the Companies Act, 2013.
Depreciation is provided on WDV basis over the useful life of the
asset. Depreciable amount for assets is the cost of PPE less its
estimated residual value.

The useful life of an asset is the period over which a PPE is
expected to be available for use by an entity, or the number of
production or similar units expected to be obtained from the
asset by the entity. Depreciation on additions is provided on a
pro-rata basis from the date of installation or acquisition and in
case of projects from the date of commencement of commercial
production.

The Company has used following useful lives of the property,
plant and equipment to provide depreciation.

The estimated useful lives, residual values and the depreciation
anvd amortization method are reviewed at the end of each
reporting period, with the effect of any changes in estimate
accounted for on a prospective basis.

G. Intangible Assets:

An intangible asset is recognized, where it is probable that
future economic benefits attributable to the asset will flow to the
enterprise and where the cost can be reliably ascertained.
Intangible assets with finite useful lives that are acquired
separately are carried at cost less accumulated amortisation
and accumulated impairment losses, if any.

H. Investments:

Investm nts which are readily realisable and is intended to be
held for not more than one year are classified as current
investments. Current investment is valued at lower of cost or
realizable value. All other investments are classified as long term
investments / non-current investments.

Long term investments are carried at cost after deducting
provisions made, if any, for diminution in value of investments
other than temporary, determined separately for each individual
investment.

Investment in Associates is accounted for using the equity
method and is classified as long-term investments. The share of
the profits or losses of such investment is disclosed separately
in other income and added in the carrying amount of
investment.

Any discount or premium on acquisition of bonds are recognized
in Profit and Loss account as such bonds are Available for sale
(AFS). The broken period interest at the time of acquisition of
bonds are recognized as accrued interest and is not included in
cost of acquisition.

I. Leases:

Operating Leases

Leases where the Lessor effectively retains substantially all risks
and benefits of ownership of the leased premises during the
lease term are classified as operating leases. Operating lease
payments are recognized as an expense in the Profit & Loss
Account on a monthly accrual basis as per agreements.

J. Employee Benefits:

Short term Employee Benefits

Employee benefit payable wholly within twelve months of
receiving employee services are classified as short-term
employee benefits. These benefits include salaries, wages and
bonus. The undiscounted amount of short-term employee
benefits to be paid in exchange for employee services is
recognised as an expense as the related service is rende red by
employees.

Provident Fund

As per the Employees Provident Funds and Miscellaneous
Provision Act, 1952 employees of the Company are entitled to
receive benefits under the provident fund & family pension fund
which is a defined contribution plan. These contributions are
made to the fund administered and managed by Government of
India. The Company's contribution to the schemes is recognized
as expense in the profit and loss account during the period in
which the employee renders the related services. The Company
has no other obligation to the plans beyond its monthly
compensations.

Defined benefits plan

The company's gratuity benefit scheme is a unfunded defined
benefit plan. The Company's net obligation in respect of a
defined benefit plan is calculated by estimating the amount of
future benefit that employees have earned in return for their
service in the current and prior periods, that benefit is
discounted to determine its present value.

The calculation of company's obligation is performed annually by
qualified actuary using the projected unit credit method.